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Alkimiya - Undisclosed2
Overview
Funding Date
November 30, 2022
Financing amount
$7.2M
Valuation
--
Catagory
Subcategory
About Alkimiya - Undisclosed2
Alkimiya, a decentralized capital markets protocol, has raised $7.2 million in funding as it seeks to attract miners and stakers wanting to hedge their cash flow as they attempt to navigate the current bear market. The funding round was led by Castle Island Ventures and 1kx and included contributions from other digital asset heavyweights, like Circle Ventures, Coinbase Ventures and Dragonfly Capital Partners.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 48 | info@castleisland.vc | ||
| Fund | Netherlands | 2017 | 71 | -- | ||
| Corporate | United States of America | 2013 | 80 | info@circle.com | ||
| Fund | United States of America | 2018 | 288 | -- | ||
| Fund | United States of America | 2018 | 121 | info@dragonflycapitalpartners.com |
Founders & Team
Ricardo Grobel
Leo Zhang
Company Profile / Project Introduction
Alkimiya provides a protocol for miners and staking validators to lock in upfront revenue to fund future production. This is designed to manage the risks of fluctuating cash flow, exacerbated further when liquidity is scant across decentralized finance (DeFi) ecosystems. Its aim is to provide a source of cash flow that is independent of the overall liquidity across DeFi ecosystems.
The protocol derives its revenue from allowing depositors to gain a portion of rewards generated from mining and staking activities from block space producers - referring to entities that utilize massive computing resources to participate in mining or staking to earn rewards.